Axis Capital Holdings Limited Fourth Quarter Earnings Sneak Peek

Axis Capital Holdings Limited (NASDAQ:AXS) will unveil its latest earnings on Tuesday, February 7, 2012. Axis Capital Holdings, through its subsidiaries, provides a range of insurance and reinsurance products to insureds and reinsureds worldwide operations with main locations in Bermuda, the United States, and Europe.

Axis Capital Holdings Limited Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 48 cents per share, a decline of 66% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.10. Between one and three months ago, the average estimate moved up. It has dropped from $1.11 during the last month. For the year, analysts are projecting a loss of $1.31 per share, a swing from net income of $4.60 last year.

Past Earnings Performance: The company showed profit of 74 cents per share versus a mean estimate of net income of last quarter. This marks the fourth month of falling short of estimates.

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Wall St. Revenue Expectations: On average, analysts predict $514.8 million in revenue this quarter, a rise of 5.4% from the year ago quarter. Analysts are forecasting total revenue of $3.44 billion for the year, a rise of 9.2% from last year’s revenue of $3.15 billion.

Analyst Ratings: Analysts seem relatively indifferent about Axis Capital Holdings with eight of 13 analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, profit fell 10.8% to $221.3 million ($1.66 a share) from $248.1 million ($1.78 a share) the year earlier, missing analyst expectations. Revenue was unchanged at $948.1 million.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 16% in the second quarter from the year earlier, climbed 13.7% in the first quarter from the year-ago quarter and 8.7% in the fourth quarter of the last fiscal year.

Stock Price Performance: During December 2, 2011 to February 1, 2012, the stock price had risen 82 cents (2.7%) from $30.57 to $31.39. The stock price saw one of its best stretches over the last year between December 13, 2011 and December 27, 2011 when shares rose for 10-straight days, rising 9.3% (+$2.76) over that span. It saw one of its worst periods between April 28, 2011 and May 11, 2011 when shares fell for 10-straight days, falling 6.2% (-$2.17) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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